NZDJPY 16 October 2014 +1020 Pips in the bank

1. Weak market background on the above timeframe (H4)

2. In the upper part of a down channel, short in a up bar with low volume. Place the stop loss above the nearest significant resistance.

3. Close on a strong bar, for a hefty amount of +1020 pips in a few hours!

Analytical Trader